Shares of Vistagen Therapeutics Inc (NASDAQ:VTGN) saw an uptick in trading volume on Thursday . 1,047,700 shares changed hands during mid-day trading, an increase of 57% from the previous session’s volume of 667,381 shares.The stock last traded at $1.78 and had previously closed at $1.71.
Several brokerages have weighed in on VTGN. Oppenheimer set a $6.00 price objective on Vistagen Therapeutics and gave the company a “buy” rating in a research report on Sunday, November 4th. Maxim Group set a $6.00 price objective on Vistagen Therapeutics and gave the company a “buy” rating in a research report on Wednesday, October 3rd. ValuEngine upgraded Vistagen Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research upgraded Vistagen Therapeutics from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $8.30.
The firm has a market cap of $55.28 million, a P/E ratio of -1.62 and a beta of -1.53.
An institutional investor recently raised its position in Vistagen Therapeutics stock. Vanguard Group Inc. lifted its holdings in shares of Vistagen Therapeutics Inc (NASDAQ:VTGN) by 42.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,465 shares of the company’s stock after acquiring an additional 77,090 shares during the quarter. Vanguard Group Inc. owned approximately 0.83% of Vistagen Therapeutics worth $373,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 7.44% of the company’s stock.
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Vistagen Therapeutics Company Profile (NASDAQ:VTGN)
VistaGen Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in developing and commercializing medicines for depression and other central nervous system (CNS) disorders. The company's lead product candidate is AV-101, which is in Phase II development stage, an adjunctive treatment used for major depressive disorder.
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